Snail Road

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

The government plans to award the contract to build the Colombo-Matara superhighway later this month, top officials said.
Transport Minister Tilak Marapane says construction on the long protracted Southern highway is likely to begin as early as November.rn

rnThe Manila based Asian Development Bank has come forward with a US$ 90 mn loan while the government chips in with the balance US$ 15 mn.rn

rnMost of the 5,000 people who will be displaced have already been compensated under an ADB lquote replacement of asset value formula. rn

rnThe awarding of the contract has been delayed due to a legal challenged mounted by one the bidders, Marapane said.rn

rnSeveral parties have also expressed an interest in the Colombo-Kandy highway project.rn

rnTalks on the long derailed Colombo-Katunayake expressway are underway, with a successful bidder selected before December 13.rn

rnMarapane said 30 percent of the highway has already been constructed with around Rs. 5 bn of initial Rs.10 bn has already been ut